Sanlam Investments will launch the Aubrey Walk Qualified Dividend Fund on 1 February 2022.
The firm claims that it will be the UK’s first actively managed dual-reporting dividend income fund for US citizens resident in the UK.
The fund, created by Sanlam’s head of fixed income Peter Doherty, will be managed by Aubrey Walk Asset Management, a Guernsey subsidiary of Sanlam.
It will focus on large, household name companies in developed markets offering sustainable income and will also focus solely on “qualified dividends”.
Doherty said: “After what has been almost two years in the making, I am excited to be bringing this innovative fund to market. As someone married to a US citizen and with children who have dual UK-US citizenship, I am all too aware of the challenge in looking for suitable funds.
“There really aren’t any properly structured dual-reporting funds, a point borne out in meetings with advisers to US citizens here. The Qualified Dividend Fund can be a core building block of any mixed asset portfolio for a US citizen seeking income who is an ‘accredited investor’ resident in the UK.
“We are already seeing real interest for the fund and fully expect to launch a second strategy under the same structure, the follow-on fund being pure fixed income in keeping with my successful Hybrid Capital Ucits Fund.”
